Choppy trading of CPO likely

  • Business Premium
  • Monday, 13 Jan 2003

MALAYSIA Derivatives Exchange (MDEX) crude palm oil futures prices fell in an early round of selling on Monday, but the move was short-lived as strong technical buying emerged and lifted the market off sharply from its intra-week lows and finally closed the week with minor gains.  

Despite the lower exports reports for the first ten days of January from both cargo surveyors Intertek Testing Services (ITS) and Societe Generale de Surveillance (SGS), the market managed to retain its buoyancy, reflecting the generally bullish sentiment of traders who would be concentrating on the China factor in the immediate term.  

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

Texchem to buy 28% stake in Sushi King for RM102.2mil Premium
SC: No breach of regulations on Azam trading account Premium
Proton to introduce smart automobile's new energy vehicles in Asean Premium
UEM Sunrise unveils KAIA Heights sales gallery Premium
KLCI down 0.8%, but energy stocks up on rising crude prices Premium
Brent charges towards US$90 per barrel as Middle East unrest stokes supply disruption Premium
PCG to build a 60,000 tonne melamine plant in Kedah Premium
China drafts rules to ease property developers' use of escrow funds Premium
Hong Leong Assurance announces several appointments Premium
Sunway Malls sees traffic and sales recovery to 100% in 4Q21 Premium

Others Also Read